18A:71B-33 - Duties of the State Treasurer - New Jersey Statutes

18A:71B-33 Duties of the State Treasurer.

18A:71B-33.  Duties of the State Treasurer.

The State Treasurer shall, in consultation with the commission, approve the following:

a.additional financial incentives as provided in this article;

b.limits that may be imposed on the amount of Garden State Savings Bonds that may be purchased by individual households;

c.minimum denominations to market the Garden State Savings Bonds so that they are affordable by individuals; however, each issue shall be offered with sufficient bonds at a purchase price of $100 to satisfy demand.

In addition, the State Treasurer shall evaluate the feasibility of staggered or periodic forms of payments for Garden State Savings Bonds and shall advise the issuing officials regarding the evaluation.

L.1999,c.46,s.1.